This is where you can find out what is happening in the great state of Nevada specifically and the nation in general. You will find interesting articles and videos plus reports on what is happening with me and my campaign. You can post your suggestions, comments, and opinions here also.

Thursday, March 3, 2011

Inflation is back. Is hyperinflation going soon?

Inflation is back and it is back with a vengeance. If you want to buy a food item imported from abroad, you'll pay about 30% more than you did a year ago. Or, if you want to buy a barrel of oil, that will cost you about 60% more.

Almost every business in America uses imported energy. Every American eats. As far as we know, you can't buy home-grown pineapples or coffee beans – not in the 48 states! And so, what do you know? Prices are going up.

In January, core consumer prices – not including food and energy, directly – rose 0.4%. Projected annually, that is 4.8% and it doesn't include necessities like food and energy.

By not including necessities, the government tries convince the people that inflation is low, but when they shop or pay their utility bills, they know that inflation is back with a vengeance.

How long before we have hyperinflation. Not very long if the government keeps printing money.

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About Me

Born in Cleveland, Ohio, I had a happy but poor childhood. I attended St.
Ignatius Elementary School, then went to St. Ignatius High School in Cleveland for 4 more years, and then attended John Carroll University in University Heights, Ohio.